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Bed Bath & Beyond Posts Surprise Profit on Booming Online Business | Investing News

(Reuters) – Bed Bath & Beyond Inc

on Thursday posted a surprise quarterly profit and its first comparable sales growth in nearly four years, boosted by strong online demand for home furnishing and decor, sending its shares up 17%.

Same-store sales jumped 6% for the second quarter ended Aug. 29, compared with a 1.78% drop estimated by analysts, according to IBES data from Refinitiv, largely helped by an 89% surge in online sales.

The retailer had been struggling to keep pace in a rapidly shifting retail landscape before the pandemic, prompting Chief Executive Officer Mark Tritton to focus more on the company’s online portfolio after taking charge last year.

“The marked improvement in our second quarter financial results reflects the potential of our digital-first, omni-always transformation,” Tritton said in a statement.

The company has benefited from consumers buying new furnishing and home decor online as many are expected to continue working from home and as several school and college begin classes online.

Gross margins also improved 1,000 basis points to 36.7%, driven by improved products prices, lower coupon expenses and fewer markdowns.

The company posted adjusted profit of 50 cents per share, while analysts were expecting a loss of 23 cents per share.

It reported net income of $217.9 million, compared with a loss of $138.8 million a year earlier. Net sales fell 1.2% to $2.69 billion, but beat estimates of $2.60 billion.

(Reporting by Nivedita Balu in Bengaluru; Editing by Anil D’Silva)

Copyright 2020 Thomson Reuters.

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Tekken 7 Season 4 adding online improvements, cites chat with Smash Bros.’ Sakurai

Tekken 7’s Season 4 is coming later this fall with improvements to online play, new character moves, and the returning Kunimitsu.

The team at Bandai Namco has had a lot to say and a lot to reveal through the weekend’s Tokyo Game Show. Among the items on the agenda is the future of Tekken 7, which has grand plans for its upcoming Season 4 of content. Tekken 7 players have a lot to look forward to, including all-new moves, a new character, and heavily-requested online improvements.

One of Tekken 7’s biggest criticisms to this point has been its netcode. With COVID-19 forcing many people to stay home, good online play will only become more essential going forward. Series Producer Katsuhiro Harada initially became aware of this back when Season 4 was first revealed. Over the weekend, he went into more details on how the Tekken team is looking to address the netplay issue. Most interestingly, Harada appears to have discussed the netplay issue with another game producer who’s having online play issues of his own, Super Smash Bros. series lead Masahiro Sakurai.

“I spoke recently with Mr. Sakurai who worked on Super Smash Bros. and he showed a keen interest in our conversation about online features,” Harada said. “He even asked me whether he could use what I said about the ratio of wired and wireless players. Well, I did follow-up on it later on Twitter. We have a lot of fighting games here such as Dragon Ball, SoulCalibur, and Tekken. And they’ve sold well over a million copies throughout the world. In particular, Tekken is really strong in Europe, with a strong following in Latin America, Oceania, the Middle East, and the U.S. This allows us to see how players play our games online. When I

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Buying a Home You’ve Only Seen Online: What You Need to Know

Not only can you buy a house you’ve only seen online, as a real estate investor, you might prefer to do so, at least once you have a system in place. Buying homes online has actually been a strategy for people buying investment property for some time, particularly if said investment property is in an area not local to the investor. And with the coronavirus on the scene, more people have adopted the process as they have become used to doing business virtually, plus not physically going into homes addresses safety concerns.

Buying a home online can speed up the acquisition process, saving you time to plan your next investment opportunity. Here’s what you need to know.

Set parameters for searching

Determine the niche you want to market to for this investment property. This includes price range, home size, location, and any other parameters you deem important.

For example, your niche could be a three-bedroom, two-bathroom home under $200,000 located near a college or university so you can rent to students.

Note that although having some parameters is good to narrow down your market, having too many will make it harder to find the right deal. So limit your parameters to make it easier for yourself.

Check out the neighborhood — virtually

With online house shopping, you probably won’t be familiar with the neighborhoods. But you can find out all the information you’ll need — you guessed it — through online searches. You can get employment data from the Bureau of Labor Statistics, income ranges from Sperling’s Best Places, school ratings from Great Schools, and crime statistics from AreaVibes, all from the comfort of your own computer.

Learn to analyze the property

As with any investment property, whether you’re buying remotely or in person, you need to analyze it to

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Free Kitchen Cross Sew Patterns On-line

Decorating a home can cost some huge cash. IKEA makes the best-identified vary of RTA (ready-to-assemble) kitchen cabinets ever. When you’re interested by bathroom remodeling ideas, select your lavatory sinks correctly. Brighten a rest room by hanging multiple mirrors on the walls. We are including a wood vaulted ceiling to our kitchen.

Replacing the present radiator (which takes up worthwhile wall area) with a plinth heater; that fits neatly beneath a kitchen base unit. The information input into the software program such because the room dimensions as well as the measurements of present large home equipment may also help develop some kitchen reworking ideas based on precise sizes.

The inside lobby mirrors the aesthetic of the outside, with adornments that include textured stuccoed walls, coffered ceilings, an elaborate fire surround, decorative wrought-iron, and exposed picket beams painted with classical motifs. Corner baths and showers are great for saving house and i’ve discovered that many clients love this, even when they have house.

This bogs angle may easily change with some painted partitions and a change in fixtures. If I had enough cash left after the cabinets, I might take into account a new roof. Some shower kits are designed to use a conventional shower curtain, while others may be fitted with glass bathe doors for a extra trendy, modern look.

You should buy racks or simply use screw-in hooks under your cabinets and cupboards to organize and save area, by hanging things like mugs that you just use most often or that at least look fairly. This doesn’t rule out painted wood or one small wall in your favorite coloration – just something to consider in your decision-making course of.…

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Taking a Look at the Handyman Home Repair Online

The use of the internet has now become a good place for handyman home repair businesses to advertise. These businesses can increase their customer base by simply answering questions regarding house repairs or home remodeling. Thus, customers can find solutions to their questions online and if they need an in-home visit, then they are reassured that this company is a good one.

The main service that these handyman home repair businesses provide online is information. While this won’t increase business directly, it is a means to an end. Some of these sites will send out daily or weekly emails to subscribers about how to prevent a problem around the house, which tool to use, and how to avoid costly mistakes. Once a person feels comfortable with these tips and solutions, they may find that they have a major repair job to be done and will use that business. Home improvements are a major concern for all homeowners, and having quick access to information makes a repair or remodeling job that much easier.

A website for handyman home repairs also gives a business the chance to post items like photos and videos, which are essentially free advertising. Photos and videos can be part of an article on how to repair something, or they can show before and after scenes promoting the value of home improvement projects. They can also show the demeanor of the owner and workers, so potential customers can put a face to a name.

A lot of times a handyman for hire is needed for a simple house repair job, only because the owner wasn’t able to get an answer on how to solve a particular problem themselves. Yet having an online site means that there is the possibility of allowing visitors to send their questions by email. …

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